2012-12-02
2012-12-10
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this year's kennedy honors. dustin hoffman, president obama honored all the recipients to a ceremony in washington, d.c. they will air on cbs the day after christmas. >>> and south koresn pop star one big for his hid gang am -- could the raiders stop -- he might have taken a step back. we'll show you in a minute, next music's, ready ! share the harmony... she'll be here soon ! she'll love this ! share a sweeter welcome... hey, hola, cómo estás ? hello, hey everyone. es un pla-cer co-no-cer-te. encantada. share everything. this holiday get verizon's share everything plan. unlimited talk, text and shareable data... ... across your family's devices, all in one plan. get a droid razr m by motorola for $49.99. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. nothing...today, they went o overtime again..but this ti, . >>> three weeks ago, the

administration will not be joining president obama for four more years. we'll take a look . shark. one man gets the surprise of his life while on vacation . v. they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. i got your campbell's chunky soup. mom? who's mom? i'm the giants mascot. the giants don't have a mascot! ohhh! eat up! new jammin jerk chicken soup has tasty pieces of chicken with rice and beans. hmmm. for giant hunger! thanks mom! see ya! whoaa...oops! mom? i'm ok. grandma? hi sweetie! she operates the head. [ male announcer ] campbell's chunky soup. i

year. >>> president obama appears to be winning support for his plan to raise taxes on the wealthy to help deal with the so called fiscal cliff. ktvu's rita williams reports on the court of public opinion and why it may not be enough. >> reporter: what do you think? will the president in congress send the country plunging over the fiscal cliff. >> i don't think they'll reach it. i don't know what they will do then. >> i am hoping and praying they do. come together. >> i am hoping it will be by the end of the year. >> do you think they will reach an agreement or not? >> i don't. >> reporter: a poll shows more americans think they will not agree. 49 to 40%. and if they don't an automatic spending cuts and tax increases take effect. americans by two to one say they will blame republicans more than the president. but that didn't stop both sides from criticizing the others proposals. >> his proposal was so outlandish, i don't think we should go back to the table until he puts something there that we can work there. >> when you look at the map it doesn't work. >> reporter: an attempt tak

if president obama and the gop reach a deal, could it all get done before the first of the year? >>> a royal hoax and a tragic death. the radio station behind a tragic call to the hospital where kate middleton stayed is behind a tragic suicide. >>> remarkable story of journalist's recent travels. how did iranian people act towards an american. >>> this is alex witt. the countdown is on until the nation falls over the fiscal cliff. some sharp new words from president obama this morning in his weekly address. >> if we're serious about reducing our deficit, while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families, we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one wrins pal i won't compromise on. >> good saturday morning to you, mike. >> hi, alex. >> let's talk about the time line. is there a realistic one in which this can all get done by the beginning of the year? >> i think there is, alex. i think people know the parameters of the year. it's just

in three years, with 53% support. in the next hour and a half, president obama will continue the great reasonableness tour of 2012. visiting a middle class family in northern virginia with the aim of putting more pressure on congress to extend middle income tax cuts. majority leader harry reid did his part for the cause on the senate floor today. >> so it's apparent how this will end. the only question is, when will it end? it's how long will speaker boehner make middle class families wait for relief and how long will he force the financial markets to wait for uncertainty. >> joining the panel now, the sage of capitol hill, the seasonally elegant luke russert. >> thank you so much for having me. >> you get a special intro when you arrive on set a little late. thrilled to have you here, with ongoing deliberation on capitol hill, you are the eyes. >> eyes and ears hopefully. yet i'm here, congress is recessed this week. >> always a reason, my friend. the fact that tim geithner came out and said, we will go over this cliff, is somewhat counter to what the president has been saying thus fa

in the past two years, we've applied a considerable influence inartfully. the obama administration vacillated back and forth on what the policy was on whether to get rid of mubarak. even behind the scenes i don't think we've applied sufficient pressure on the military. the key leverage we have that the administration has is the threat to withhold funding. i must say if they don't get the message in the military from that, congress, when it comes back into session after the first of the year, i think is going to take a very close look at that. if the military wants to continue american assistance they should listen to the administration. that is to say if the administration is talking to them and not supporting morsi for his role in things like the hamas-israel cease-fire which was announced the day before morsi announced his decree. >> they did that the day after sitting down with with secretary of state hillary clinton. >> he clearly, morsi clearly felt emboldened to take that step. what president obama in six telephone conversation with president morsi before the cease-fire, as you said sec

. it was a star-studded night in washington last night. president obama saluted this year's kennedy center honorees. among them, a pretty motley crew here. the members of led zeppelin, talk show host dave letterman. there's dave. as well as renowned actor dustin hoffman. >> the president recognized them for their influence on american culture. he said all started from humble beginnings and made it to the top of their profession. the kennedy center event is an annual december tradition. >> i think we'll actually see the show in a few weeks coming up. very cool. good crowd too. >> yeah. >>> and if you're like me, maybe you're feeling a little fancy. >> you feel fancy? >> i never feel fancy. gift wrapping means putting a present into one of the holiday gift bags with no handles. that's how i roll. but just pay those people at the mall to take care of it. that's the route i prefer. >> we call that convenience, right? >> amen. >> not for crafty folks who came to new york city to attack one of the most difficult holiday chores with the most difficult holiday gifts. it was a flurry of wrapping pa

for expiration at end of last year. obama said i wanted it extended for 2012. republicans at first said no, and boehner had to say no with them. when the deadline came last christmas, around last christmas republicans started to panic but polls showed people would blame them. all of a sudden those voices said let's not have this fight now. >> he's banking on that happening. >> that has to happen again. >> i spent some time working the phones today, because it's interesting to see both sides and by both sides i mean these guys. and then gop establishment guys sort of explain what's going on here today. from the perspective of these so-called dissidents as roll call is calling them. >> that's roll call. from their perspective they're punished for being too conservative. as you pointed out, steve, they're being punished in their minds for going too far to the right of people like speaker boehner. i talked to tim hul's camp, one of the congressman removed from two questicommittees. he said, look, this is something that establishment republicans do. how often do you see democrats beating up on

negotiations until the debt ceiling vote next year. president obama won't have it. the president is attacking the only leverage republicans have left. the president spoke to a group of ceos today and said that he will not negotiate if debt ceiling is going to be used as ç hostage. >> i have to just tell you, that is a bad strategy for america, it is a bad strategy for your businesses, and it is not a game that i will play. so i want to send a very clear message to people here. we are not going to play that game next year. if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again, as part of a budget negotiation, which, by the way, we have never done in our history, until we did it last year, i will not play that game. because we've got to break that habit before it starts. >> treasury secretary tim geithner also made it very clear, this is no game. he spoke with cnbc about holding the line with tax increases for the top 2%. >> if republicans do not agree to that, is the administration prepared to go over the fi

believe would be discussed 200 years from now. bush v. gore, obama care were relative pipsqueaks. the government's assertion of the power to prohibit a loving couple to marry or to refuse to recognize such a marriage is profound. so is the opposite claim that five justices can read the federal constitution to strip the people of the power to enact the laws governing such a fundamental social institution. you know, elizabeth, it's not like we're talking about rock of ages, the big surprise. we have nine states that have done it. in this past election, which i think is very pivotal, four states did it completely by popular vote. no court ruling on rights, just public will. >> for the first time in 40 years in four states, thanks to the efforts of chad and a lot of other people, for the first time there was a populist vote, and the people spoke. they have never spoken in favor before, but there are really two ways. it's also equal protection under the law and also that the court has found it to be a fundamental right. this is an extraordinary, extraordinary time, and -- >> let's cut

nations, not including the u.s. president obama, in other words, signed it a couple years ago, but it's not been ratified by the united states senate. to be clear, this treaty would not require anything from us at all. we already have disability rights. it just pushes other countries to do what we have done. we would commit on an international level to what we already believe in here. ratifying that treaty would help us lead the rest of the world to catch up to that historic leap that we took as a country when president bush signed that legislation. with the exception of a black helicopter conspiracy theory on the right championed by failed senator rick santorum, he, who i should mention is a columnist at a birther website, that's his job now, except for his nutso theories ratifying this treaty was a political no brainer. it has bipartisan support. this has the real thing. real bipartisan support from leading democrats and leading republicans. this treaty has vocal support from veterans. so many of them return from war with disabilities. veterans are as potent a constituency on both s

from a position that is closer to obama's than they were at this time last year. they are now backing away from the entitlement cuts they were talking about. they haven't given any specifics on what kind of deductions and loopholes they want to get rid of, but they're leaving that for the committees on capitol hill if they can get away with it. but we see president obama getting tougher right now on what he's calling for while the republicans, if you look at the numbers, they're really not asking for as much. i think we're seeing speaker boehner getting his ducks in a row to cut a deal that is going to try to get settled before the fiscal cliff goes over. >> bill, "the washington post" today has a poll which says 53% of americans are likely to blame republicans and just 27% the president if they don't agree on a fiscal cliff. we know that after the election, 60% of people said let's raise taxes on the wealthiest. what more does john boehner need? >> i don't understand the republicans' thinking on this. i really don't. this is power politics. they don't have the leverage in this situat

buffett and all his pals, it will pay off obama's 2011 deficit in the year 2520 circumstance, in 514 years time, and then we'll need the next half millenium to pay off his 2012 deficit. >> i think the republicans were sent there with a mandate as well as president. obviously the american people voted for the status quo. they voted for divided government. here's the question i have. i would no want them to think os and grand hides and the slem hammer we're robbing them with. if obama wants to take the country off the fiscal cliff, they need to go there. they seem afraid of that. do you see that. >> it's clear from the election that the majority of americans essentially voted for european levels of spending. you can't have european levels of spending. we're one percent under canada. there's no difference any more, not in terms of government spending. we're close to norway. we're not quite to sweden yet, but we basically are spending like europeans, but we're not taxed like that. the idea that you can close that gap, i think he figured out if he can make this level of spending permanent, he c

about obama having learned from the thirst four years and no longer negotiating. -- from the first four years and no longer negotiating. the crumbs are not enough anymore. are you guys going to go for more crumbs? >> all of these folks on this panel represent the progressive community. we can open up. >> i cannot speak on behalf of the progressive community. i cannot speak on behalf of the press corps. i can speak on behalf of myself. i do not do what you do if you are pests off. you can write about these things and -- i do not know what you do if you are pissed off. i am not optimistic about the next four years. the primary lever is reelection. the reelection leverage point proved to be not terribly effective. keeping the administration moving toward some of this goes on transport and -- transparency is why i am not optimistic about a week yourself tools. there is a lot of frustration on the part of the -- that is why i am not optimistic about a weaker sets of tools. there is a lot of doubt among reporters that they will see any forward progress. you have a president who clearly enjoys

, house speaker john boehner did come to the white house last night for president obama's annual holiday party for members of congress, but he did not get in the receiving line to say hello to the president and get a picture taken with him as he has done in previous years and as dozens, if not hundreds, of members of congress did last night. diane? >> okay, jake tapper reporting from the white house tonight. >>> and now we head overseas. take a look at the size of this protest today in cairo, egypt, tahrir square, tens of thousands of protesters reeling from tear gas but determined to send a message to the world about their new duel over democracy, and here's abc's alex marquardt. >> reporter: they came by the tens of thousands hurling stones, pulling down barricades, riot police fired volleys of tear gas and retreated. as the masses grew, president mohammed morsi left the palace. ever since the revolution that captivated the world, egypt has struggled on its road to democracy. two weeks ago, president morsi gave himself unchecked powers -- he says to put egypt on a democratic path. ther

a year. not a word of that in obama care. no interest in that. that would offend the trial lawyers. on every entitlement they have shown zero seriousness. >> bret: not to mention means testing attractive on the high end. one would think are part of that when you get to that level. >> at least we don't know we're there. i agree with steve the republicans perhaps, probably a bigger risk here. you hear speaker boehner saying the perhaps wasn't paying attention election. the reality is the white house has a bigger bully pulpit here. so how they maneuver and handle themselveses is important. we are talking a few weeks before we see the fine print that you are talking about. >> bret: you know, we were out on the campaign trail. for people who thought once we got past the election this would be breathing room to deal with big ticket items that the country has to deal with. you know, turn the aircraft carrier or start to turn it so we're going in the right direction, it doesn't seem like we are doing that. >> it doesn't seem like that at all. what did we think? thinking that, you know, put

discusses telling her baby on ebay. did the grammies number justin bieber this year? the story president obama doesn't want you to hear. >>> this is a fox news alert. i am elizabeth pran from new york. a strong earthquake rocking japan. the usgs saying it was a 7.4 magnitude quake. a tsunami warning was issued and it could be as high as two yards. so far there is no word on any major damage. videos show buildings in tokyo swaying for at least several minutes. you may remember the massive earthquake last year in japan. this tremor is not expected to produce those kind of widespread tsunamis. again, a 7.4 magnitude quake striking off the coast of japan has triggered a tsunami alert, but at this point there is no word on any damage. stay with fox newschannel for the latest on this developing story. now back to "red eye" already in progress. >> lightning roouuuuuuuuuunnnd d lightning round. >> will you join me in urging everyone to boycott the grammies because of this? >> scooter said it better than i could. the kid delivered. give it a break. also who cares? the beatles and led-zeplin were

debt limit talks early next year. yesterday at a business round table of ceos president obama took a hard line warning his opponents not to consider this strategy. >> if congress in any way suggests they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again, as part of a budget negotiation, which by the way we have never done in our history until we did it last ye year, i will not play that game. >> i wonder. the president is saying, steve, that, you know what? we can raise rates now and maybe lower them later, next year, so republicans are now saying we'll raise rates now. maybe we'll lower them later and talk about it during debt ceiling. now he is saying no we're not going to talk about it then either. when would we have this debate, when we are renaming post offices in july? i mean -- >> clarify something for people that are watching. republicans are talking about raising taxes on the rich. john boehner said that yesterday. we're just not talking about raising the top marginal rate. right? >> right. >> both sides are now talking about

the country from going over the so-called fiscal cliff at the end of the year. president obama says it doesn't go far enough, but republican critics say it goes way too far. dana bash is on capitol hill, watching all of this unfold. dana, what are you hearing? >> reporter: republican sources i'm talking to think maybe it's sort of the goldilocks scenario. if one side thinks it's too far, the other side thinks it's not far enough, maybe it's just right. the republican counteroffer calls for $ 800 billion in tax hikes. >> rates have to go up. >> reporter: but the fact that gop leaders proposed raising $800 billion in taxes is roughing many a feather in their own party. >> republicans should not be conceding that the federal government needs more money and treating the president's proposal like it's serious. >> reporter: senator jim demint is an anti-government, anti-tax purist who helps raise millions for conservative candidates, even against fellow republicans. >> there's some that want to go the politically expedient route to give the president what he wants to get out of this mess. >> repor

, connecticut, new york. >> it's like the obama donç or closet. >> and orrin hatch made that point this year, a republican senator. he said the amt hurts them more than us. >> they don't have to worry about it. they think that's their leverage. >> i want to think about other things discussed once we get past the tax rates, and i want to hear -- listen to president obama today talking about smflt other things, the spending cuts that are involved and what they're dealing with here. >> i think there's a recognition that maybe they can accept some rate increases as long as it's combined with serious entitlement reform and additional spending cuts. if we can get the leadership on the republican side to take that framework, to acknowledge that reality, then the numbers actually aren't that far apart. another way of putting this is, we can probably solve this in about a week. it's not that tough. >> chris, there's the president saying he's ready to do serious entitlement reform and additional spending cuts, and no one seems to be noticing that. >> yeah. you know, i just talked about that. >> entitl

hypothetical matchup. the illinois republican had a stroke last year. >> tonight the entire obama family will gather around the christmas tree. it just happens to be the national christmas tree. it will take place at 5:00 eastern time. >> if you read only one thing this morning, maybe you're already thinking about your new year's resolution to get in better shape. how could you resist this headline? my must read is courtesy of prevention magazine. it's on facebook/jansingco. yep, they're real. we've got more rollbacks on toys all december. wait, was that real? [ male announcer ] this christmas, get the hottest brands and rollbacks on the season's hottest toys, like the beyblade destroyer dome, only $34.96, the nerf elite hailfire, only $29.88 or select playdoh sets, only ten dollars. all backed by our low price guarantee. america's gift headquarters. walmart. ♪ don't know what i'd do ♪ i'd have nothing to prove ♪ i'd have nothing to lose [ male announcer ] zales is the diamond store. take an extra 10 percent off storewide, now through sunday. and with my bankamericard cash rewards

all economy we must put enments on the table. over the last four years entitlement spending is growing faster than the over all economy. this is why president obama has this country in record debt. that hurt the economy. take-home pay decreased under president obama. we must get entitlements under control. >> rick at the unemployment and housing vouchers. it is 800 billion extra spending. doesn't that have to be cut. >> there is no chance that there will be a dole without entitlement cuts. what senator durbin is talking about is the importance of focusing. if we want a deal you will not doing by taking a wide sprect rum approach. president clinton was clear when he spoke to the republicans. he pointed out that t biggest driver of the united states debt is medicare. he understands that we have to face up to the medicare problem. we need a solution. >> the conference that rick was referring tompt he said folks, i won and i get to make the decision and he grew the budget by 800 billion every year. one-time stimulus has happened every year of the presidency and the president through tim ge

to 2010 when obama went along with extending the bush tax cuts for two more years. he was adamant back then, this is it and i'm doing it for two more years and i'm going to run for re-election and make them go away for rich americans. that's not acceptable to the white house, $800 billion from so-called tax reform. >> well, steve, i mean, you put it sole well i don't know how to improve on that. that's my first reaction, is that the absence of any l giving any ground on the rates mean we haven't moved that far here. i think that that's the key sticking point here. you know, as a matter of -- a lot of what's happening here is a duel in public opinion and the media, who looks like they're reaching out and who gets blamed if things get ugly. i think the republicans are trying to put a veneer of specificity to look like they're -- i think obama did a good job in the last several days saying republicans rntd putting anything the on the table. they're trying to check that box, but the absence of any give on the rates just doesn't really move us that much closer. i also wonder on that $800 bi

. the chinese government earlier this year revised its growth target to 7.5% from around 8% in preceding years. >>> over in the united states, president barack obama is urging republicans to approve a tax hike on the wealthy. he says this is needed to avert the impending fiscal cliff of automatic austerity measures that could drag the economy into recession. obama said on wednesday that federal revenues will not reach the level needed to implement his proposals to cut the deficit unless taxes are raid on the wealthy. >> there is a bottom-line amount of revenue that is required in order for us to get a real, meaningful deficit reduction plan. >> obama added that if republican officials acknowledged this reality, the actual numbers proposed by each party are not that far apart. republicans have made a counteroffer. they want to raise revenue by reviewing the current tax deduke system. house speaker john boehner has urged the president to compromise. >> our members believe strongly that raising tax rates will hurt the economy. now we need a response from the white house. >> unless the two sides r

energy security, and then president obama marks 20 years that the united states and the soviet union reduced nuclear weapons. and then deductions that could be part of the negotiations over the so-called fiscal cliff. >> this weekend on c-span3's "american history tv," follow harry truman's eldest son, as they prepared to mark the dropping of the atomic bomb on 1945. >> i know everyone has their own view. i don't want to argue survival. i think we're past that. i want to do what i can to see that this doesn't happen again. >> clifton truman daniel will join us to discuss the inspiration for his trip sunday at 9:00 p.m. eastern on c-span3. >> a report by the group securing america's future energy says the greatest threat to national and economic security is dependence on foreign oil. members of the group, business political and retired military leaders are suggesting a plan of maximizing oil and gas production, reducing consumption, and improving conservation as a way to boost revenue and reduce our debt. this is a little less than an hour and a half. >> good morning, everyone.

obama over the next two years before there's another presidential election that begins. the republican party is going to be looking to john boehner to carry its flag. >> well, if boehner is carry the flag, kristen, today his counter proposal said we're going to protect the rich, not give a tax cut, and he put social security and cutbacks and entitlements and seniors on the table. how is that going to help them when all polls show that americans overwhelmingly won't support that. >> i disagree about all polls showing that. i think you've got a lot of folks concerned about the solvency of the entitlement programs. let's take a look. let's not leave anything off the table in terms of looking at both medicare and medicaid and social security. you also have the question of is there a way for you to increase revenue, even if it's revenue that is primarily coming from the wealthiest americans without changing the rates themselves. i think that's what republicans are trying to do with this most recent offer. >> but to increase revenues where everyone puts in but the wealthy is what helps lose

years under president obama. here's what we know. not from democrats or republicans, but from the congressional budget office, a nonpartisan group that says this. if we go over the cliff, what secretary geithner said obama is willing to do, if we go over, we can expect to lose 1 .$8 million. if we do what the president wants, which is to raise taxes on the small businesses, we will lose 700,000 jobs. or if we do what republicans want to do, keep tax rates where they are, we lose zero jobs. so your point is go over the cliff and lose $1.8 million, do what the president wants and lose 700,000 jobs or do what the republicans want and lose zero jobs. our goal is trying to get closest to losing no jobs. >> but the problem is you are not get to go the zero jobs promise. you don't have the numbers. that's your problem. you don't have the numbers or the momentum. how are you going to turn that around? >> well, you are right. and to pat's point earlier in your program, look, i wish we controlled the house, the senate and the white house. i wish the republicans had complete control beca

the feds can go after that too. president obama also said earlier this year that we're not going to be legalizing weed anytime soon. joe johns, cnn, washington. >> joe, thank you very much. >>> egypt's president is trying to diffuse the biggest crisis he's faced. about an hour ago, mohamed morsi canceled a decree giving him sweeping powers which ignited furious demonstrations. reza sayah joins me now from cairo with more on that. reza, is it enough, will the protesters go home or is this about more than the decree. >> reporter: for some protesters, for some opposition leaders, it is not enough, don. the president made a move tonight and he could argue that this move is a concession made to the opposition. some members of the opposition already rejecting that argument. let's explain to you some background and explain to you what happened tonight. there was two red button issues that really angered and outraged the opposition. one were those controversial decrees announced by the president last month that gave them additional powers, made him immune from the judiciary until the par

every year of the obama administration and now, we're at historic highs. the same as we were five years ago. the difference is, our spending has increased a trillion dollars. >> yeah, but a lot of that spending is things to help the economy. it's the payroll tax cut extension, which your party supported. it's extending unemployment benefits. it's things like that. t the war. >> that's going to be the challenge of the whole perspective. we've got two philosophies. one says we're spending too much. the other saying we're not spending enough. that's hurting our economy. obviously, the last four years have been more focused on the spending. we continue to pile up more and more debt, we've crossed 100% of debt to gdp. >> but you're line of thinking, i feel like we end up in a situation where all you doe is keep cutting taxes. you start to have a revenue problem. you give a payroll tax, you don't want to tack it away. you keep giving out things and never take them back. >> well, that's the same thing we do on the spending side. >> all those agencies -- is now stretched into stimulus spending,

greece or italy? twenty years? i don't know. this trendline is bad. happening under bush and obama. it does not work. john: good intentions and that go bad. clean energy's. >> solyndra. the tip of the a's spurred. dozens of companies go bad. the story behind the story. campaign contributors contributors, interest free loans from the government, distorting capital, it means resources are being used less productively and workers get lower wages and it adds up to the bad situation. john: president bush says it to oklahoma you take care of things it is good for the economy. >> collor you create a housing bubble. those people were the ones that had to walk out onto the plank then we all fall into the shark infested waters 87 tax credits. >> sounds great. but from the tax code in 1913 only 14 pages we have warped into the 702000 page monster. more than 1,000 different forms to download. nobody understands. h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state.

for seniors. conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the hatchet to medicare. >> the biggest, coldest power play of all in obama care came at the expense of the elderly. $716 billion, funneled out of medicare by president obama >> my plan's already extended medicare by nearly a decade. their plan ends medicare as we know it. >> on medicare, for current retirees, he's cutting is $716 billion from the program. i can't understand how you can cut medicare $716 billion for current recipients of medicare. >> look, these guys haven't been big on medicare from the beginning. their party's not big on medicare from the beginning. folks, use your common sense. who do you trust on this? >> so, now, of course, given all the campaign rhetoric coming from both sides, we are on the other side of an election that proved that there is a bipartisan consensus, that it is bad to

nearly four years on the job. the obama administration says it will announce a replacement in the near future. >>> starbucks has a new way to spend a lot of money. it is introducing the most expensive blend made from a rare costa rican variety named geisha. it is $7 a cup and only available in 48 stores. if you order one, drink it slowly and enjoy every sip. >>> is the fiscal cliff a mountain or mole hill? it depends who you ask and my next guests have two different opinions. joining me is komal sri-kumar, chief strategist with tcw and jim paulsen at wells capital management. good to see you. thank you for joining us. >> thank you. >> sri, your thoughts on the fiscal cliff. you say even if washington comes to a compromise we will see a drag on the economy and markets. why? >> i think we are going up the fiscal mountain now. it doesn't have to be a fiscal canyon. you don't have to have a lack of agreement and falling off the cliff in order for you to have a negative impact on the economy. even if you are coming down a fiscal slope with increase in some of the tax rates, for instance, ex

use to put down the revolt that has been raging in that country for more than a year and a half. oesident obama said the use of these weapons of mass bestruction would be totally unacceptable. well, tonight, david has new intelligence to report, and we have three stories on the breaking news in syria. we'll start with martin at the pentagon. >> reporter: u.s. intelligence so far has not detected any emgns syria is loading chemical weapons on to aircraft, but defense secretary panetta said it appears the embattled assad regime is preparing to do just that. >> there is no question that we remain very concerned, very thecerned that as the opposition advances, in particular on hemascus, that the regime might very well consider the use of chemical weapons. ing eporter: monitoring of syrian basis like this one has picked up evidence engineers have loaded the chemicals which combine to form the deadly nerve agent sarin, into bombs that could be dropped airplanes. satellites have seen trucks moving among want bunkers where the weapons and agents are believed to be stored. u.s. officials

year in the obama administration, and now we're at historic highs. the difference is our spending increased a trillion dollars from five years ago, but the revenue is the same. >> a lot of that spending is things to help the economy, right? it's the payroll tax cut extension, which your party supported, right? it's extending unemployment benefits and things like that. it's the war. >> right. that's going to be the challenge of the whole perspective right now. we have two philosophies. one is saying we're spending too much and the other is saying we don't spend enough. obviously the last four years are spending more to stimulate. i'm not sure if that will work long-term. we've crossed 100% of debt to gdp. i don't think that gets better as you get higher. >> the only thing that confuses me about it, i feel like in a situation where all you do is keep cutting taxes and have a revenue problem, right? you give a tax cut to the middle class you don't want it to take it away from them. you keep giving out things p and you never take them back. >> well, that's the same thing we did on the

colleagues, including his usual ally, lindsay graham. treaties take years to negotiate before they come to a vote. this treaty, though signed by president obama, was actually negotiated by president george w. bush. but that was not good enough for 38 republicans. republicans made up transparently ridiculous reasons to vote against it. they said it threatened america's sovereignty, even though senator kerry repeatedly showed them that the treaty requires no changes in u.s. law and that the treaty cannot be used as the basis for a lawsuit in u.s. courts. the opponents said it was inappropriate to consider a treaty ma post election lame duck session, never mind that just since i've been watching the senate, they've approved treaties 19 times during lame duck sessions. and then they said, and this is what did it, this is what the 38 no votes were trapped by, the tiniest possible interest group you could imagine affecting the outcome of something so important. the homeschooling crowd. then they said that the treaty endangered homeschooling. homeschooling fanatics expressed worry that the tre

in a million years. that does beg the question, grover, why bother, given that both sides know where they need to move, why the games? >> well, it's not clear that both sides know. the week after the election, president obama was asked do you have to have the higher rates or could we have deductions and credits and he said he was open to negotiations. three weeks later, after thanksgiving, he shows up and all of a sudden there's a line in the sand on rates that had come out of nowhere, so the president seems to be moving the goal posts in a deliberate effort, i don't know, to extract something, to push people over the fiscal cliff. something's going on and it's not clear because he's not where he used to be. he's quadrupled the amount of taxes he demands. he now has to have rates instead of just numbers. it's going to be interesting what he is doing but it appears he's not trying to come to any agreement. his position is one that the senate, the democratic senate, has rejected in the past. >> robert reish, 60% of americans according to a new abc news/"the washington post" poll believes they sh

to the banker's window? >> yes. i'll tell you. he's right. what happened in the summer is the obama campaign brilliantly went out and defined mitt romney. 189 years after he lost that campaign to senator kennedy, he budget ready for those bane adds. i found it inexplicable that he didn't have some kind of come back. i mean mitt romney -- >> bob, you taught him the lesson the first time. bob shrum, have a nice recommend. thank you. and john braburn. >>> up next, congressman louie. what a piece of work he is. he's out there suggesting the obama administration -- how can you repeat this stuff -- is in cahoots with the muslim brotherhood. this is malarkey. malarkey is a good word. love me. ...but most dry foods add plant protein, like gluten iams never adds gluten. iams adds 50% more animal protein, [ dog 2 ] look at me! i'm a lean, mean flying machine [ dog 1 ] i am too! woo hoo! [ male announcer ] iams. with 50% more animal protein. [ dog 2 ] i'm an iams dog for life. not a rabbit. woof! i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to ge

's hostage taking. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves and teating the president's proposal like it's serious. >> republican house speaker john boehner has come out against any tax hike and has refused to bring the democratic plan for a vote. >>> the dow fell almost 14 points. nasdaq lost 5 1/2. the s & p fell 2 1/2 points. >>> yahoo is buying another silicon startup. sunnyvale's yahoo acquired on the air today. the service enables users to hold online video chats in a talk show foremated. >>> a monstrous typhoon has killed 74 people in the philippines and the deattoll is expected to rise. 23 of the people drowned in flooding caused by the typhoon. the storm made landfall yesterday and some 60,000 people have fled to emergency shelters. the crowded shelters in this new video. the t

to worsen that vice president nicolas maduro would take over. the 58-year-old president said tests show the return of malignant cells in the pelvic area where the tumors were first removed. >> in 44 days, president obama will be sworn in for his second term in office. and as he continues the job he started four years ago, he'll likely be surrounded by some fresh new faces. emily schmidt looks at some of the people who may make up the president's new cabinet. >> a late november white house photo-op. >> this is a wonderful opportunity for me to meet with my full cabinet. >> .may be the last glimpse of this picture. an imminent cabinet shuffle is expected. >> the president has a lot of very very good people to choose from but he wants to put together a team especially in international affairs. a team overall, that going into a second term doesn't look like a second team. it does not look like a group of second stringers. >> the likely short-list to succeed secretary of state hillary clinton is already politically charged. susan rice--the us ambassador to the united nations--is thought to b

or the righteous thrill of cutting medicaid assistance from those obama-loving takers. for nearly 100 years now you were just this boring, nondescript wallflower, never drawing attention to yourself. when congress through spending and tax cuts came up against your limits, you were wordlessly elevated. they barely gave you a second glance. it was a waste of time to deal with you, but waste of time is what congress does. 74 times you have been raised since the '60s. you saw wars, peace, a man on the moon, and no matter how you batted your fiscal eyelashes, nobody cared. invisible. now, all of a sud be the tea parties can't keep their hands off you. like a case of fiscal syphilis you put the entire body in peril, and i know this disease is no fault of your own. congressional republicans have decided that consequences be damned, threatening the country with national default by refusing to lift you after having already voted to cut taxes and spend until you absolutely must be raised is somehow a useful tool for getting their way. i know you love all the attention, but seriously, debt ceiling, this isn't

the democratic process. the republican numbers went down much more than barack obama's did last year. i think they have to be careful about what they are doing here. >> i think the reason simon doesn't like it is because it gives the republicans leverage to force the president to deal with the debt. the president has as much chance of succeeding as you have of getting john bolton to cry on your show. megyn: i think i can do it. a challenge? >> i bet you can. in the last 27 years, every significant debt reduction bill that passed starting with graham rosen has been linked to a debt limit increase. this is the only tool in washington that forces both sides to do something about the debt and spendersing. so republicans aren't going to give this up because it's the only tool they have in this political situation to stop the president from going forward. and the reality is last year speaker boehner set an important resident. it's called the boehner rule. one dollar in spending increase for one dollar for debt limit increase. you balance the budge net 10 years without raising taxes. the republicans

the average middle-class family would have to pay about $2,000 a year more in taxes. house speaker john bain of lands the stalemate on the obama administration. he says they are not taking republicans seriously and plans to close loopholes and lit it deductions without raising taxes. >> i realize of the president may not agree but if there is another way to get revenue from upper income americans that doesn't ruin our economy why don't we consider it? >> we won them to tell the american why they won't do it. >> the democratic controlled senate has are the agreed to extend the bush tax cuts for incomes under $250,000 but let the other tax cut expire. it is predicted their rugby at least a short-term deal released before the end of the year. >> of when it comes to a president's second inauguration at the crowd tends to be smaller. that will be the case again this january. the cross the present obama as inauguration on january 21st will be close to 800,000. that is the estimate right now. that is down quite a bit from the 1.8 million people crowded the national mall and 2008. >> i think that is

their dollars and hire more people and expand. barack obama has not had a budget in the four years he has been in office and not been worried about it and continues to spend recklessly other people's money, and that is a sign of that idea of loving socialism. >> stephanie: okay. i think we can confirm it now, she gets paid by the word. [ bell chimes ] [ applause ] >> stephanie: i'm working on a book right now the publicer gives you a world count. i think that's what happens. she is literally filling out the blue book. >> socialism. fill his socialistic socialism -- >> stephanie: and all and forward short also socializing with the -- okay. >> it was really hard to find -- >> small business -- >> stephanie: there is no edit -- >> that's why it went a little bit longer than usual. it was hard to find an edit point to take it out -- >> stephanie: we used to put in a razor blade and cut it all up to ribbons -- >> i still have scars from my first radio job. >> stephanie: our! >> i sliced an artery. >> stephanie: that was just like radio geek talk. nobody knows what we're

that would make any future negotiations whether in a day, week or five years, even more difficult. that poses an issue or problem for obama administration. all of this in front of a world or at least 138 countries that were looking at this. they are saying get your act together. more left or right wing, disinterested fatigued world that no longer cares about the israeli-palestinian issue leaves the issue as the devices of the israelis and palestinians. that hasn't yielded any results. >> shannon: pinkus thank you for your time today. >> thank you. some thought the fight over healthcare was over but not so fast. supreme court breathes life to challenge of the healthcare law. that is coming up. arizona governor jan brewer facing another lawsuit. we will tell you who is suing and why next. [ whistle blows ] hi victor! mom? i know you got to go in a minute but this is a real quick me, that's perfect for two! campbell's chunky beef with country vegetables, poured over rice! [ male announcer ] campbell's chunky soup. it fills you up right. but i'm still stubbed up. [ male announcer ] truth is, nyqu

. the problem for the republicans is they have had their clocks cleaned in two years of negotiation, and obama, the difference between 1937 and the court packing plan, roosevelt was a god ringing 61 percent of the tote and president obama got 51 percent barely, an while romy was incompetent at campaigning. they show no imagination. if they did they can turn this debate over. >>neil: thank you, patrick who saw all of this covering on election night. if you missed it, i don't know what to tell you, you should be ashameed. how about adding more days off school? some districts are trying it and the taxpayers may not like the cost of it. i love to eat. i love hanging out with my friends. i have a great fit with my dentures. i love kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. super poligrip fr

governor races in new jersey and virginia. obviously in 2009, after president obama's first victory the losses in those two states was a pretty big temp bar ressment to the democratic party. how you thinking of those two races going into next year. chris christie has high approval ratings i don't know if that is going to turn off democrats in running against him. also, what you think of the race in virginia? >> well, you know let's talk about the record here if a second so the viewing audyens knows what is going on here. coming out of the last election there were 11 contested races across the nation for governor. democratic governors won eight of the 11. there were lots of stories how democrats are going to lose those races. we won to races that the press did not expect us to win. we won in new mexico with maggie hassan. we won in montana with steve bullock. he was a real leader, a real job creator, he is going to do great things in montana. we won in washington state with jay insl e! news who has been focused on economic development. we won there in a tight race. we come into this

of years ago. president obama has set a challenge to reach in the next couple of decades. we'll have more for you throughout the day. back to you. jenna: claudia thank you. coming to us from our san francisco bureau as we learn more about what the announcement could include we'll bring you that news. jon: the 2012 election is over. now as president obama fights congress in a showdown over the coming fiscal cliff the president is using his extensive campaign network to push his agenda. let's talk about it with shane deapril the editor of "campaigns and elections magazine." the campaign arm of obama, all of those people are getting information about the fiscal cliff. >> yeah, one thing that happened after 2008 was that obama for america morphed into organizing in america and into the dnc. it played very little role in pushing the president's first term agenda. a lot of folks on the left and from within the white house thought that was a mistake looking back upon it. what we see right now is an immediate change. after the 2012 election ofa is engaging supporters, continuing to do so and clea

? maybe we should go along with the obama plan to extend the rates for the middle class and deal with the rest after the new year. that probably is their best play at this point, because that's such a damaging political point. people understand that republicans are holding the middle class tax cuts hostage in order to fight for tax cuts for this very small percent of the population, and that's ç politically devastating. if you look at the position boehner's in, it's remarkable in a way that he's already admitted that we have to raise revenues on the wealthiest individuals, and that hasn't come without a price. you already see on the right between that and his movements of some committee members assignments that there is a mini rebellion starting on the right. the hash tag fireboehner is taking off. this is something he has to watch. the compromise is not his initial starting position, which is already unacceptable to people like jim demint and others. >> governor dean, if you looked at this from the republican perspective and you go with what horowitz's presumption they're goin

today showing how president obama has been consistent on his message throughout the last couple of years. it was central to his campaign. >> we need to give tax relief to working families trying to raise their kids to keep them healthy, send them to college, keep a roof over their heads. that's the choice in this election. that's one of the reasons i'm running for a second term as president. >> how quickly we forget. in the words of secretary timothy geithner, this is why republicans have no choice but accepting the tax increases on the wealthiest americans. >> why does it make sense for the country to force tax increases on all americans because a small group of republicans want to extend for 2% of americans? why does that make any sense. there's no reason why that should happen. we can't afford those tax rates. that's the deep, tragic lesson of the last decade. we can't afford them. so we're not going to get to the end now without a recognition of republicans of that basic reality. that's going to be the responsible thing to do. my judgment is they are going to do it because there's no

in the gulf including the united arab emirates have drones in service. >>> president obama got input today from governors on how to resolve the budget standoff in washington. state governments of course would feel the pinch of automatic spending cuts kicking in at the end of the year but as danielle nottingham tells us, there's still a disagreement over how to avert the "fiscal cliff." >> reporter: three republican and three democratic governors gate the president their take on how to avoid the "fiscal cliff" this morning at the white house. >> we're not sort of saying it should be that plan or that plan. i think what we all agree on is something has to get done. >> as governors we think it's important that we're part of the discussions both in terms of the impact it has on our finances and our economies. >> reporter: state government cost lose much-needed federal aid if democrats and republicans don't reach a deal to stop automatic spending cuts before the end of the year. the other issue is taxes. congressional republicans want bush-era tax cuts extended for all americans. president obam

for 4 years has been saying that president obama is a fascist. maoist stalin, cartoonist pianist, every ist in the book, he is on isty he is not an american. and how do you compliment that one book end? you go out and find the picture perfect americana and roger ailes and rupert murdoch thought a 4-star american war general, war hero from iraq was the perfect book end to that story. >> what they didn't realize was that david petraeus had other plans. >> that's right. >> i am not sure what those plans were. >> paula broad well. he said i have more important priorities herewell. he said i have more important priorities here. >> this is another example that will response news is not a news network. it is a political organization. >> let's accept it? >> reality. they should put it in miriam-webster. >> right now fox news is into of course, joining campaign to demand bob costas be fired or resign because after jovan belcher with the kansas city chiefs murdered his girlfriend killed himself, bob costas said if he hadn't had a gun, they might both still

the case is today. president obama extended them for two years. i wish he hadn't but he did. why? because it was the price he paid for getting the debt ceiling increase and for extending unemployment benefits for millions of americans. well now everything has changed. now we can -- we simply can no longer afford welfare for the rich. it is handing millionaires and billionaires a great big fat like $150,000 check a year. we can't afford it. we don't have the money. peter, as you pointed out, this is the number one issue in the election. the president made it clear at every appearance. if you want tax cuts, if you want the wealthiest of americans to pay a little more in taxes their fair share vote for me. if you want to give them a free ride, vote for romney. it's over. this issue has been decided. john boehner total total joke. i think the president -- i mean should just reject this thing out of hand and say we would rather have -- okay, here's my vote. do you agree? 1-866-55-press. my vote is no deal. no deal

the first couple of years of president obama's administration, saying that he wanted the about the to be able to do his job, he didn't think he needed a former president to go out there and do somed tore ra some editorializing. he gave some peaches, enjoyed his life. he was not the subject of any praeurbgsz in fact not the subject at all at the republican convention in tampa in august. as mitt romney was trying to win the presidentee again, george w. bush was really a recluse. i think now that the election is over the republicans lost. he wants to have a role in one of his causes. immigration is a passion he shares with his brother jeb, former governor of florida who is thinking of his own political future and possibly a white house run and wants to help in the reset of the republican party which will include taking a serious look at actually finally engaging on immigration reform. jon: fair to say hispanics did not exactly flock to mitt romney this time around. george w. bush did pretty well with them both four years ago and eight years ago. >> reporter: very well, he got abou

to expire for income over $250,000. that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be entering an austerity-induced recession. markets would be convulsing as they realize our austerity crisis is about to become also a default crisis. and so the economy, as a whole, is going to be going nuts. poll after poll already shows republicans are receiving more blame for the potential failure of the debt talks. and after telling the press they're going to make a strategic decision to use a debt ceiling as more and

will manipulate. we will avoid this. we'll pay a less tax now to avoid the obama tax the rich tax next year. that is flat out hypocrisy, in my opinion. >> gretchen: i love stuart varney, emon a monday morning because he wakes me up with his analysis. >> hypocrisy will get you any time of day. >> gretchen: i gather you'll be talk being this on varney and company. it's 9:20 a.m. over an fbn. >> thanks. >> gretchen: i'll look forward to see you. coming up, the new plan to push american students ahead, longer school days. is that a good idea? should we keep our kids in school longer? then he's got one of the most popular shows on tv and one of the coolest jobs ever. the red neck rocket scientist blowing things up here, next hour. oh, my goodness, i think that's what's going to be blowing up. just a guess. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality

the path that we are on and the fact that barack obama has not had a budget in the four years that he's been in office and not been worried about it and continuecontinues to spend recky other people's money and that is a sign of that idea of loving socialism. > >> sean: look. the bottom line is the math isn't there. the mindset of the country has shifted and people want free stuff from the government. you said to the republicans, though, and this was at the top of the program we were debating this. you said republicans don't go wobbly, don't be a bunch of wusses as it relates to this, and i see some weakening among the republicans and they feel they've got to go and get along. they fear they may lose the pr battle. what is your response to that in a little more detail? >> well, i guess i shouldn't call politicians names, so i apologize for calling the wobbly ones wusses. >> why not? >> because that disextracts from the point that has to be made. the point is we are a bankrupt country. 16 trillion dollars in debt, and with entitlement, we're really 60, 70, 80 trillion in debt. there is

republicans for the last two years hasn't passed it. >> sean: how about extending the bush tax cuts for everybody? then if the fiscal cliff is hit, then the persons that will be hit are president obama and harry reid. >> every single house republican needs to be involved in communication. if they passed a bill that extended the tax cuts for everybody and every single one of them went on local tv and local radio and said we have now passed a middle class tax extension, all the president has to do is sign it, you would have a totally different debate going on the next day. >> sean: this is what i feel is missing. the discussion, and as best i could, i'm trying to explain it, about conservative prime princi, about what's al at stake, and ai hear is or i sense a fear they don't want to go over the cliff and i sense a fear on the pr front and just even the president with the whole language of the debate seems like a defeat to me. >> i don't understand why they haven't said from day one this is the path to a balanced budget that has to involve entitlement reform and spending reform. i wen

to be a catastrophe over the next four years no matter what republicans do. with obama care coming down the pike, so many people are going to part-time work, and they're being hurt. i mean, everyone i know in every possible industry is already seeing cut backs in advertising, cut backs and going to see the doctor. the economy is going to be a disaster. it's only going to get worse under obama. republicans are totally over the barrel because all tax cuts, bush tax cuts expire unless they agree to what is being portrayed as tax cuts for the rich. >> sean: boom. >> of course, let me finish the three points. it's not the rich. it's people who are currently engaged in making money or tax breaks as they say. for the rich i'd be more in favor of tax hikes on the rich. that's warren buffett and john kerry and diane feinstein. this is a tax on people desperately trying to become rich but the truly wish don't want them to. finally, the most important point is in two years we've got to take back the senate. >> sean: i don't want to talk about the election. >> the republicans need to concentrate on making sure

wanted to know more about most? >> this year? >> obama wasnu 1 as far as politicians. people real very interested in the politicians' families as well. that hasn't changed. >> uh-huh. >> i think the other thing that's interesting in addition to sort of looking at which politicians people were looking for, i love the fact that people now goom to look for very basic civic information. it's just so easy. when is election day? where is my polling place? wisee that kind of stuff. >> how many electoral votes. >> the electoral college. great. i love that. think about how empowered people are today. it's just so easy to just -- the other thing is that, you know people may be embarrassed to ask someone that question. now, they can do a quick little search. there it is. >> you talk about polling places. it used to be you would have to call somebody, wait in line now t you have it in 90 seconds from looking online. this raises the real -- i mean for me, combats we do before search engines? what did we do? i mean how did we survive? >> yeah, you can apply that to, yo

of the things that will change in the new year is obama care or the affordable care act. how do you implement that at cheesecake factory and how will you pay for health care for all of your employees? >> that's a big question. we are working on that right now. we have been waiting to see what people will do, what's really happening and what the different requirements will be. however, we do cover everyone that works over 25 hours today. unlike a lot of businesses, we are already pay ag great deal in health care. we're not sure how much more it will be or how much less or what exactly. for us it won't be as bad for others, which it will be very costly. >> when you say very costly, it will be passed on to who, the customers? >> i believe most people will have to do that. >> how much do you think you will have to raise prices in order to pay for health care? >> as i say, we don't know what it is right now. we are hoping we won't have to raise prices. i'd love to answer that for you. maybe in a year i can. >> "the new yorker" magazine wrote an article saying you had a lot of things that you could

, but obama always has his vacation delayed. i was covering the president a couple years ago and my hawaii trip got delayed a couple days. life went on. >> you were not happy. >> i was, you know, i was not happy, it's true, craig. >> what's your headline, sir? "markets down, party trade blame as fiscal cliff talks fail." >> you're so gloom and doom. >> republicans don't see themselves as unruly kids and don't see obama as a wise principal, contrary to what ari was saying earlier. >> what do you think it's going to take at this juncture to get a deal done? >> i think you have to have the president show some leadership and show an actual balanced package that includes some entitlement reforms and have the muscle with his own caucus to bring that about. >> do you think it would be a advantageous to do it himself or leave it to the staffers? >> i think republicans in congress work better with vice president biden than president obama in these sorts of negotiations. >> america's happy warrior could be ruled out. what's your headline, good sir? >> unfortunately like past headlines, "in a jobs cr

, individual tax payments rose, get this, $2,303,000,000,000 or 26%. over the past two years. under those very low unshared bush tax rates with the difficult slope but a growing economy we still added $233 billion to the federal revenue. here is what happens if obama drives us off the cliff. that 82 billion in higher taxes with the top 2 percent, add to that, we don't want to leave anybody of of this deal, $223 billion. now, do you suppose there is a reason that president obama likes to all the talk about those tax hikes, the top 2%? i wonder why. could it be that he wants to draw attention away from the 400 -- let's do that right here, 400 -- $4 billion projected by the congressional budget office, $494 billion of obamacare taxes that will hit not the 2%, not the 98%, but the middle-class, and they start hitting on january 1st, and it does not matter whether we go over the cliff for not. if you have not heard about those tax hikes, perhaps it is because the mainstream liberal media for some strange reason es not want to tak about the inconvenience impact of obama taxes on our middle-class. >>

to northern ireland and served as two years as president obama's special envoy to middle east peace. thank you for stopping by. israel's announcement of increased settlement construction, criticized kbi the white house as quote counterproductive. france, great britain and the eu also criticized. >> the location as opposed to the number. the announcement to build on the area that is known as e-1, designated in that way. is highly significant. because no government of israel has previously announced major construction in that area. it's pretty much open land. and it represents the possible last link in blocking a geographically contiguous palestinian state. so it's highly significant and will be seen that way in the region. >> are the settlements, are they the biggest impediment to a long-term solution? >> no i don't think they are the single-biggest impediment, i think they are one of the impediments, i think it's a mistake to assign rankings to the problems in the middle east. jerusalem is highly important, very emotional on both sides. i should emphasize that while i believe that the announce

and the country needed him and there was no way that the country would are reelect president obama, that this was the year for mitt romney to win. they believed that all the way to the end and the last week of the campaign and i was out on the road with him, he had these huge crowds at different events and in fact on election day he did a stop in pittsburgh to go visit his election headquarters there and saw a bunch of people up on a parking ramp right at the airport. they hadn't announced the arrival at the airport. they just showed up. they took it as an omen. they thought it was a sign that he was going to win and all the way until the networks called the race on election night that he would be the winner. >> so jonathan, what, then, does that kind of mind do in this situation? i mean, i kind of -- i guess i kind of get the crying. the world makes no sense. >> right. well, the world makes no sense when you live in this bubble where -- just imagine, remember what was happening over at fox news on election night, how they couldn't believe what the rest of the country saw happening

, in terms of the 10- year in terms of the longer term, it is not that difficult to stabilize in the 10-year window. president obama's does. if we have done nothing on the entitlements, and that is worse than doing $4 trillion and having some systemic reform kicking in over the next few decades, so i think it is important. when we say stabilizing the debt, we need stabilizing it, not just for a few years and then having demographics again, ideally putting it on a path towards -- >> if you look at the president's plan, it does not meet my standard. he has not gone far enough. i agree. he has fallen short on spending. he has got it on revenue or pretty close. he has got three more to get the trajectories stable moving south as we go into the second tenures. -- tenures of the long term horizon. >> all or ones, i can think it is just way too much for any realistic expectation, and, absolutely, they should adjust these issues. they should experiment. i would hate to have the economy right now, the economy over the next 5 to 10 years, held hostage because they cannot agree on what help reforms are

to avoid the year end fiscal cliff. >>> and president obama is meeting with a group u.s. governors today around 10:00 a.m. eastern. it includes jack markell, mary fallon, scott walker. the governors will discuss how the fiscal cliff will impact their states and possible solutions. it's also expected to meet with house republicans, as well, this week. >>> and oracle is amongst the latest of speeding up their dividend pay outs to avoid possible tax hikes because of the fiscal cliff. they will pay dividends a total of 18 cents a share for the next three quarters. larry ellison didn't take part in the decision, but he will benefit. he own as 23% stake in the company, so he'll receive around $198 million. yes, you heard it right. oracle stock down 0.8% despite that in frankfurt. still to come, interest rates in australia are moving down. down under. find out what central bank is worried about when we come back. >>> australia central bank held its rate setting meeting. matthew taylor has the details. >> the market had been pricing in a 25 basis point rate cut and the reserve bank delivered wit

that the players claims should proceed, the nfl says it would need about six years to assess the viability of each player's case before trial. president obama is hoping to gain yardage on budget talks, minus drama. yesterday, the president met with business leaders at a roundtable event, and had this to say to the ceo's: "i recognize that all of you have an investment in your own company,ut notnly your own bottom lines, but in the well-being of america." at the same time, gop majority leaders including eric cantor met with small business owners. cantor blamed the president for being obsessed wtih raising taxes. the president says he won't budge on higher taxes for the top 2%. the stock market rallied yesterday after bloomberg news reported 40 republicans have joined a bipartisan call to break the budget impasse. california shipping ports in l.a. and long beach are back in action. an eight-day strike started by clerical workers over the outsourcing of jobs has ended. an additional 10,000 port workers refused to cross the picket lines, which crippled cargo deliveries. the clerical union is expected

a breathtaking year of change on the issue. president obama, in a switch from 2008, announced his support for gay marriage in a may interview with abc's robin roberts. >> for me personally, it is important for me to go ahead and affirm that i think same sex couples should be able to get married. >> reporter: on election day last month, voters approved gay marriage at the ballot box for the first time, after dozens of defeats, when maine, maryland and washington state legalized it. but now, it all comes down to the nine justices of the supreme court, and they are generally conservative on social issues, though they're closely divided. for opponents of gay marriage, the very fabric of our society is at stake. >> the fundamental reason why marriage is treated as a public institution rather than a purely private relationship is because it serves the interest of society and the interest of children. >> reporter: edie windsor thinks it's simpler than all that. if you could talk to the supreme court as they consider this case, what would you tell them? >> it's a marriage that anyone would want, okay, ga

in large part on costs between president obama and house speaker john boehner last year when the two were close to making a grand bargain. the republican plan raises tax revenue not by raising tax rates but reducing deductions for the wealthy to generate more money for the government. it also tackles entitlement raising the medicare eligibility age and reducing social security benefits. those are nonstarters for the president and other democrats who are facing a lot of pressure from unions and other groups to leaf those programs untouched. >>> we should fix it. that should be a separate track conversation. it should not be raiding social security to deal with the deficit. >> responding to questions on quitter there isn't enough spending on the deal. republicans say he needs to assess the costly programs need to be restructured. >> what i want is to get the country out of debt in a permanent way. the dig problem with us becoming greedy is not the revenue it's not the tax codes it's entitlement. >> what the plan daoes not do i raise tax rates on the wealthy. it has to be any part of any dea

. >> this is wayne freedman abc 7 news. >> still ahead tonight. the year in pictures from president obama and at the world trade center to the rites in greece. look back at the memorable moments of 20 look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. >> one of 54 people in the country to 7 a 50,000 dollar award for his contribution to the arts. dedicated to keeping tradition alive. here is arts entertainment reporter don sanchez. ♪ . >> you gene rodriguez musician composer mentor 25 years ago he created this song. m ex can art center in a san pablo s

. number five, obama wants new stimulus money, the g.o.p. says no. >> okay, which one, what do you want me to address? >> i want to know whether those are all resolvable before the new year? >> yes, this re resolvable. on the debt limit, it was a republican idea when president bush was in the power to raise the debt limit, which is to pay bills that have already been accrued, and that the congress could override it. the congress could object. and mitch mcconnell put that bill forward on the floor this week, thinking he was going to embarrass democratic leader reed, and reed said let's go ahead and vote. it and so then mcconnell filibustered his own bill because he got afraid the democrats had the votes for it. so that's the kind of maneuvering that is going on. childish. >> yes, childish. very childish. former republican majority leader trent lott told cnn's anderson cooper how he had a working relationship with his democratic counterpart tom daschle. the two did something called compromise. a concept that facilitates law foreign in today's congress. watch. >> i had a red phone where when

years is say no, no, no to any kind of -- and obama has tried to push through bills to cut taxes for job creators, fo. host: for small businesses? caller: yes, for small businesses. host: here is reaction from senator lindsey gramm. he says this -- a republican from new jersey, go ahead. caller: i am calling in reference to this fiscal cliff. at this point, all the seniors are already in trouble. they are not going to get but a little increase. congress will automatically get a raise. theys hould stop that. they don't need the money anymore. they have plenty. obama is going to have his way, and that's it. host: can you hang on the line? let me get your reaction from larry duncan on twitter who says -- what do you think, margaret? caller: i think that is correct. there are a lot of loopholes but they do not want to do this. they are happy because they are getting this extra money. if obama gets -- i don't have a charge card. i am paying off all my debt. we should pay off all large debt. how much are we paying for this debt that we go? that is a waste. why should anyone else do it? congres

campaign. with obama in the white house for another four years, republicans are looking for something much smaller. even a down payment on medicare. that they can still call victory. is that enough on entitlements, ed o'keefe? >> it might be in the short-term. i agree with a.b. and i agree with erskine bowles that eventually there's going to be longer-term discussions about this if they want to get serious about budget cuts. >>> this is is a president who has an appetite for spending cuts. he has talked about it throughout his presidency. he hasn't had a chance just yet. this may be his opportunity to do so and say look, i got taxes, but i also gave you spending cuts and we got serious about fixing this problem. if can he do that, i think he himself could declare victory. the question is whether more liberal members of the house and even of the senate, would go along with some kind of plan and that's why i think republicans may be right. minimal changes for now. probably a good thing. whether or not it happens long-term remains to be seen. >> a.b. stoddard of the hill, ed o'keefe from the

,000 in citigroup. i wonder if we start seeing things before next year. people are not hiring people. >> and we've talked a lot about this, ceos have already had to make their plans known to their boards. so it's had its impact. >> getner says the obama administration is only too willing to go over the qulif. cliff. do they mean marginal rates, or just rates. >> that's what's going to be worked out, the last minute deal that's where you find wiggle room. >> i guarantee you there's guys in boehner's camp that are ready to go over, too. >> but he's been moving to marginalize those peel. this is his way of taking control of the party. >> the question is why do they care where the money comes from. if you have a revenue target, then fine. but we need $800 million in revenue. john wehner figured it out. and boehner can turn around and say i need $6 trillion in titlement cuts. and they can each take each other's playbook and try and figure out what they would like best to -- figure out the number and figure out how to get there. >> i don't know. both sides seem to be only too willing to do it. they'r

is proud and honored to join the democratic party in the home of president barack obama. earlier this year he endorsed the president for re-election. chris became the governor of florida as a republican then ran for the u.s. senate as an independent but lost. now to this. ♪ >> south korean singing sensation psy gears up for a huge performance this weekend. there are no revelations about anti-american -- this anti-american rap song they did a few years back. the song "dear american" includes lyrics like kill those blanking yankees who have been torturing iraqi captives, kill their mothers, daughters, mothers-in-law, fathers. psy has since apologized saying the 2004 rap was protesting the killing of a south korean hostage by iraqi insurgents. but psy will still perform at the christmas in washington concert this weekend where president obama and the first family will be looking on. and senator stevphen colbert? south carolina governor nikki haley says that ain't happening. the palmetto state resident said he'd like to replace the outgoing representative. he explained why he'd be a great se

of the tea party movement over the last four years. he led the charge to defeat obama care. >> if we're able to stop obama on this, it will be his waterloo. it will break him and we will show that we can, along with the american people, begin to push those freedom solutions that work in every area of our society. >> and demint is an outspoken opponent of labor unions and workers rights. >> i don't believe collective bargaining has any place in government. >> including at a federal level? >> including at the federal level. that's what elections are. collective bargaining. >> house democratic leader nancy pelosi pointed out jim demint was one of the ringleaders in voting down the u.n. treaty for people with disabilities this week. >> that was one of the saddest days, so anyone who was a party to that, well, i wish them well wherever they are going and hope that we can have more of our values represented there. >> it was demint and his tea party allies who pushed the country to the brink of default back in 2011. this is what demint told abc news about republicans who tried to strike a debt deal

off the automatic tax hikes and spending cuts that will kick in next year. john boehner said he can't believe the latest white house proposal. the obama administration insists there's no deal without a tax increase. susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal by christmas. the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. timothy geithner was on the hill last week to present the president's plan to congress. >> i was fl

, though, will be addressing and dealing with over the next few years. >> i think that's a good point. let's move on to jobs, charles blow. u.s. created 146,000 jobs in november, higher than predicted. clearly jack walsh's theory, obama was cooking the books, probably cannot be true now. unemployment 7.7%, lowest in four years. most interesting story of the week, though, because i campaigned about this pretty relentlessly, apple have announced they are going to bring jobs back to america. let's play how i have been trying to force this issue for quite some time. >> companies like apple, you have ten times as many employees in china now than america. what do you think of the concept of moral capitalism? i feel strongly about companies like apple, for example, who outsource all the jobs to china, a lot of it comes back here. >> i have a problem with this. apple makes $100 billion but apple employs more people in china than it does in america. that to me is wrong. >> now, there is a globalization aspect to this and what i don't want to do is tell a company like apple look, you can't be a glob

most powerful people list. president obama held on to the top spot for a second year. the pope climbed two notches from last year. he is in fifth place. facebook's ceo mark zuckerburg went to number 25. former president clinton held on to number 50. and tonight be sure to watch brian williams sit down with tim cook. by the way, he's number 35 on the forbes list. >> finally, no, this is no joke. pizza hut in canada sent more than 100 bottles of pizza cented perfume to facebook fans. the fragrance boasts freshly baked hand tossed dough. >>> some optimistic news in the fight against breast cancer. women who took the common estrogen blocking drug tamoxofin cut the chance of getting breast cancer in half. >>> coming up, corey booker lives on food stamps. the nfl steps in with a million dollars for jovan belcher's orphan daughter and high resolution images of your planet earth from space. the new technology uses filtering techniques that allows the images such as city lights, gas flares, auroras, wildfires and reflecting moonlight to be seen by the naked eye. ♪ i'd like to thank eating rig

years ago. >> the scary thing to me, it is building over the last decade. we can talk about it as a phenom nan of the recession. but under president bush and president obama, we have seen a rise in the food stamp program, it is so large it is supporting a large bureaucracy that wants to fuel the growth. four billion in administrative costs. they don't want to lose their jobs either. >> victoria brings up a point. there is it a industry of bureaucracy that is created around all of these poverty programs. not just food stamps. if you add up all of the poverty programs excluding social security. it comes up to $22000 for every poor person in america. why not just get rid of the bureaucracy and cut them a check. >> we could have a great idea and debate. going back to food stamps and the idea of government promoting that. we have a farm bill that proposes four billion in cuts to the food stamp and the agricultural committee chair woman said they would be more open to cutting back more. >> rich, i see all of the advertising of the government to put people on food stamps and 15 mil

.o.p. voters nationally say they think acorn stole the election for president obama. that is truly shocking. especially since acorn doesn't exist any more. it folded two years ago. now,ppp thinks they made the republicans look like conspiracy nuts, but i say this just proves the conspiracy goes deep, so deep it doesn't even exist ( laughter ) and you know what else doesn't exist? acorn. ( applause ) and whenppp asked about possible solutions to the looming fiscal cliff, they found 39% had a strong opinion about the simpson-bowles budget plan and 25% of respondents had a strong opinion on the panetta-burns plan. fun fact-- the panetta burns plan does not exist, either. but i say it disappoint mean it's not the plan. because i think we know the solution to the fiscal cliff that both republicans and democrats can agree on is nonexistent. ( laughter ). so personally, i saluteppp for turning statistical analysis into an episode of jay walking. they are not the only politicos up there make things up. so is congress, where paranoid fantasy has long been eye key weapon in fighting the specter of ac

. nasdaq finished up 15.5. coming up shortly, alan simpson on what motives 81-year-old senator has to dance gangnam style now. that president obama has been re-elected is he going to wage a war on coal? initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp, an organization serving the needs of americans 50 and over for generations. so it's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decision guide. ca

triggering massive tax hikes and spending c cuts. >>> no sign of president obama, the first lady, sash has or malia, this year it's all about bo. the card was designed by iowa artist and dog lover lorissa cable. >>> a holiday surprise for some walmart shoppers in south florida. secret santas paid off their layaway bills. >> my layaway is paid? >> yep. the rest of your balance is paid off. >> are you serious? >> yes, very serious. you no longer own a balance. >> tell santa thank you very much! >> an athletic club pitched in $500 which helped six families. several layaway shoppers say they wish they could meet their secret santas to give them a hug and kiss and say thank you. >>> time for your early reads. your local news making national headlines. we begin with tacoma's news tribune which says day one of legalized marijuana was pretty chill. there were no run on doritos, increased in car wrecks, no crazy displays of joy. >>> to florida, the sun sentinel newspaper, florida wildlife officials announcing the 2013 python challenge. it's a hunting contest that begins next month because the burme

on our nation's roadways. president obama signed the law earlier this year to ensure that tour buses are equipped with seat belts and are driven by drivers who are better trained. the safety bill was written with support of the betz fathers the bryan community and national community of people who have lost loved ones in motorcoach crashes. some five years later this close-knit northwest ohio community also has a tangible monument in honor -- in memory of one of their sons. may the david betz double play diamond serve as a remembrance to this wonderful young man and help this community continue to heal and move forward. i thank the president. madam president, i'd like to ask that the following remarks be put in a different place in the record. the presiding officer: without objection. mr. brown: thank you, madam president. i rise to address an issue that concerns families and children and veterans and so many people in north carolina and ohio and around the country and around the world. i rise for millions of americans, family members, friends, loved ones, and colleagues who experienc

'm not sure if obama is planning to extend that into next year. i think it might be 50%. caller: good morning. first-time caller. i would like to say, from the previous caller, the purse strings are embedded so tight with big business basically in the business of raising funds and creating wealth for themselves and their cronies. we have no representation. when you have got large money available, there is a lot of opportunity for corruption or for people to benefit. and our tax codes are a prime example of that. the tax system could be simplified. it could be much more equitable, much fairer. that is a problem with the taxes. it is totally part of the corrupt system we deal with in our government. guest: this is a good time to talk about this wide perception that the tax code is unfair and riddled with loopholes and working for other people, but not for me, not for us. this is an interesting time because they're getting more serious about tax reform. a lot people are starting to focus on the tax breaks they do not want to get rid of. they have been for tax reform for a long time, but now they

up the national security team in president obama's second term. >> i am ready and willing and able and excited to go ahead and get this issue resolved in a bipartisan fashion so american families, american businesses have some certainty going into next year. >> i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. going over the fiscal cliff is serious business and i'm here seriously trying to resolve it, and i would hope the white house would get serious, as well. >> welcome to the journal editorial report. i'm paul. not exactly a meeting of the minds this week between president obama and house speaker john boehner on just where talks to end the fiscal showdown stand. the president, for his part, took his case to the public and repeated his call for a tax hike on upper income americans but made little mention of cuts to entitlement spending. something the speaker said must be part of any final deal. joining the panel this week, wall street journal columnist and deputy editor dan, and ms. o'grady and washington columnist kim stossel. yo

for the president. speaking for the president, president obama, think back a couple years ago, in fact, it was october of 2008 when he was senator obama wanting to be president obama. he was concerned about the deficit and the debt. listen to what he had to say back then. >> the problem is the way bush has done it over the last 8 years is to take out a credit card from the bank of china in the name of our children, driving up our national debt from $5 trillion from the first 42 presidents, number 43 ed a $4 trillion by his lonesome so we now have over $9 trillion of debt that we're going to have to pay back. $30,000 for every man, woman and child. that's irresponsible. it's unpatriotic. >> so, unpatriotic. >> the hypocrite in chief says in 2008 that 5 from is unpatriotic but now we're up to $16.4 trillion. that's okay. by the way we move my credit card limits. he doesn't want a debt ceiling going forward. >> debt ceiling no more can congress deal when the president says we're going to raise the debt ceiling. no squabbles back and forth. >> let me get this straight. borrow $4.8 billion

of the nation and the treasury, that's the goal here, should be trying to close the loops in one year then we'll have a very high unemployment rate. if some tax increases to julian's point, only mild increases in unemployment rate. >> brenda: julian? >> lock, tok, the point was thaf obama was reelected, it was tank. when obama took office, everyone said the stimulus wod fail. 2.7. >> wh? >> 2.7 gdp right now, so gdp is probably. >> brenda. >> between positive 11, positive 12 swing. everyone keeps talking how the obama plan isn't going to work and it isn't going to work and the data seems to show the difference, which is to president clinton'point if you want to live like a republican, vote for a democrat, they'll give you better economics. >> brenda: gary b, go ahead. give your best. >> well, you know, julian's very good at raising the straw man. i don't recall everyone saying the market was going to tank if obama was reelected. to sate that oh, it didn't tank, that's kind of silly. the other thing, every time the tax rate habeenried to stick it to the rich. 91% tax rates during fdr years and

traditionally? >> well, first let's address president obama's flip flop on his philosophy there when it comes to raising the debt ceiling. he certainly condemned president bush in those years of raising the debt ceiling, and then look at where he's taken this cufnlt he's taken us into a state of bankruptcy with his changed idea on it being a good thing to raise the debt ceiling. a very scary proposal was recently revealed by geithner essentially saying let the president have free rein on raising the debt ceiling to whatever level he wants. that's a very scary thought because barack obama is a socialist. he believes in socialis socialin redistributing wealth, in confiscating hard-earned dollars of our small businessmen and women so that they cannot reinvest their dollars and hire more people and grow and expand. instead, he believes in these failed socialist policies and i say that not to personally condemn our president, but i say it because i face reality, and i see what's going on, and i see the path that we are on and the fact that barack obama has not had a budget in the four years that h

for joining us from michigan. >> mike: and barack obama promised to ground zero workers, two years later haven't seen it. >> clayton: you've heard of helicopter parents. are pet owners now protecting their pooches too much? some adoption agencies requiring you to guard your own dog. ♪ ♪ instructions ? shouldn't something that's truly advanced, not need much explanation at all ? with the nokia lumia 822 on verizon, there's not much to learn because it's powered by windows... to let you do more than you ever imagined on your smartphone. exclusively with data sense-- a feature that makes the most of your plan. only on verizon. ♪ >> button up my coat for inside the numbers. how many stressed sea turtles were flown, 35 of them. the cold waters, i'm sorry, giving them hypothermia. hey that, would make me stressed. next, two, how many times this guy was arrested this week for stealing the same car. does he have a soul patch or something else? california cops say he had a bentley parked outside of the same house, smart move. finally, $30,000 how much you'll have to bid for luke skywalker'

're for. one of the mistakes i think the republican party made the last two years is trying to make obama the issue without sharing with america bold reform ideas that get people inspired to get behind us. >> senator demint, huge tea party supporter. sometimes clashes with his own party's leadership. he is leaving with four years left in his senate term. earlier, he said he'd retire when the term was up in 2017 but gave no previous indication he might quit now. i want to go to dana bash joining me on the phone here. dana, huge surprise to a lot of people. what's behind the resignation. >> reporter: a huge stunner. nobody saw it coming. i was told by a source close to demint he didn't accept the job until yesterday telling the staff this morning, called the governor in south carolina who, of course, will have to appoint the successor and told the republican leaders here. but look. the reason why it's such a surprise is because demint really has been over the past few years somebody who takes pride in his job. and the role that any one senator can do, which is to gum up the works and very m

month. eeach cow he could expect to spend up to 20 years in prison. >> president obama will talk about the release of the fiscal cliff coming up. janu will have the lead is with our forecast coming up. >> we are back. president obama is continuing to push for his middle class tax cut plan. in his weekly me the address, obama accuses house republicans of blocking a bill that would prevent a tax increase on the middle class. the democratic controlled senate has approved a plan. o obamas as a house bill lores rates for the wealthiest americans, instead of raising them as he has proposed. >> this is the only way to put our economy without asking more. this is the only plan that i am willing to sign. >> for the gop, florida senator marco rubio says tax increases will not solve the nation's 16 trillion dollar debt. he says the only way to do that is through economic growth and reform of entitlement programs. rubio says that limited government can help restore the middle class. >> be extra careful of side due to the fog. this is a view from our mt. tam and there is fog in the midst of clouds.

. >> reporter: mr. obama might look to norfolk, where they have been having those conversations for years. >> as we get more high tides and tides seem to get higher and we get more of these storms and they seem to come with a little more fury we get more and more water in our city as the days go by, so we are taking it very seriously. we talk about it nearly monthly. and we are planning for it. >> reporter: mayor paul fraim, a democrat, has been leading the charge and was the first elected official in the country to say parts of his city might not be livable in 15 years. >> we are raising homes. we are raising roads. but we are also retreating very slowly from some of the shoreline so we don't spend money raising houses so that when the next storm comes through they will be damaged again. >> reporter: mr. obama won the battleground state of virginia 51% to 48% over mitt romney. his victory was helped by taking 56% of the vote in the states southeast tidewater region that is home to norfolk. here, where streets like this are frequently under water, some people are hoping the election means

for president obama. so does that give them the right to bring the bacon back to wayne county and demand a bailout? stuart varney is here and did you know he's also a psychic because for the last year, stuart varney has been on this show predicting just this. >> i have actually. yes. >> gretchen: in california. >> i did. >> gretchen: and other places. >> i did. they may well be in the line to ask for a bailout after this. >> gretchen: is it appropriate? >> no. in my opinion, this is morally wrong. it's wrong on several fronts. first of all, morally. by what right does detroit demand money from places like texas or oklahoma to bailout their own problems? that's morally wrong. second, it's politically wrong. have we reached the points in this country that you cast your vote for politicians thinking they're going to pay you off and bail you out of your problems? that's a political problem. third, wouldn't work. no matter how much money you give to detroit, as soon as that money is gone and through, they want more because they are fundamentally bankrupt. they don't have a decent source of in

, indeed, it goes into affect year. >> in the words of the secretary of defense, leon panetta, this will be a disaster. what the obama administration is doing is unilaterally reducing the military capability of our forces. this is at a time when we have china with its massive force expansion, building a world capable force projection capability. we have the russians modernizing the russian forces. we still have the ranian problem totally unresolved, north korea always a flashpoint. look at the middle east. anything far from being settled there. and let me take that navy as an example, which will be illustrative of the other forces and what it will do to the nay. it will take the navy and drive it down to the smallest force it has had since prior to world war one. not world war ii, lou. world war one. lou: you know, i'm sorry, admiral. when governor romney said that, pointed that out to president obama in the debate, he was -- we had horses and bayonets, too. he seemed to make lht of that. how important is it? can you give us a sense of the impact? >> i think the president's co

accept that. that's going to be the case. >> i don't know. you look at mr. obama's story, his revenue increases over the whole ten-year period are larger than his spending reductions according to most people who have made the score card. i don't think that's what people want. right now i'm not optimistic we're going to get this done by december 31nd. jim jimmy williams, mark seimone and kerry picket we appreciate it. >>> again today the crowds are still demanding that president mohammed moed morsi step down. latest from cairo. >>> free market capitalism is the best bet for -- i don't think we should be raising taxes at all. but that's my point of view. i'm kudlow. we'll be right back two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for ge

to sell the offer as the erskine bowles plan, comparing it to the same offer he drew up last year. >> i think he'd disagree. >> the co-chair of obama's deficit commission, but yesterday mr. bowles flatly rejected that connection. meanwhile, the white house is turning to campaign style messaging as a reminder of whose tax plan was chosen in the court of public opinion on election day. >> under my plan, first of all, 98% of folks who make less than 250,000, you wouldn't see your income taxes go up a single dime. all right? because you're the ones who need relief. but we're not going to be able to get it done unless we also ask the wealthiest households to pay higher taxes on their income officials $250,000. the same rate we had when bill clinton was president and our economy kree aed nearly 23 million new jobs. >> and there are reports that republicans are considering a doomsday plan should talks break down. according to senior republican sources the gop would allow a vote on extending bush tax cuts for the middle class and nothing more. under one variation of this plan, house republicans

year and time for a new inauguration. >> the president of the united states is once again barack obama. s. ♪ >> time for a new sexy liberal. >> i guess i'll have to speak for the people of my state from right here. >> no, a new sexy liberal show. >> january 19th, inauguration weekend in our nation's capital at the warner theatre, "the stephanie miller show" sexy liberal comedy tour makes its 2013 debut. >> we have serious problems to solve and we need serious people to solve them. >> featuring hal sparks. >> have a lot of liberal friends that love this country enough to vote almost every other election. >> john fuglesang. aisha tyler and the queen of progressive talk radio stephanie miller. >> you dirty sleazy, sexy liberals. god bless you. >> the long-awaited washington, d.c. "the stephanie miller show" sexy liberal show at the warner theatre january 19th. yahoo. >> are vegetarians allowed to drink? >> they enjoy it. >> it will be a meet and grope minus the meat. [ ♪ "world news tonight" ♪ ] >

every year under this administration. president obama has nearly doubled the debt. the spending is out of control. and it's -- we have this economy that continues to struggle -- >> the debt ceiling -- >> the debt ceiling is our opportunity to really look at these questions, but the republicans want to negotiate -- speaker boehner the day after the election, went to the podium and put tax revenue on the table. this is our moment, this is our -- tip o'neill and president reagan back in the early '80s, they came together. they negotiated to save social security as well as address the spending. and it was a $3 in spending cuts to every dollar in new revenue. and that's the type of approach we need today. >> they never used the issue of debt ceiling in those negotiations. that's relatively new. the president says, i will not play that game. he may have no choice, because the republicans have a decisive majority in the house of representatives. if they want to play that game, he's going to have to do it. >> whey believe the president is saying is, we could get to a big deal, a good big deal

will be impacted. but citi says the changes will help save money this year and more in 2013. >>> president obama is expected to announce his nominees for secretary of defense and secretary of state. that's according to white house sources. reportedly, former republican senator, chuck hagel is on the short list for secretary of defense to replace leon panetta who is stepping down. another top contender, john kerry. but the president is also considering to replace hillary clinton with john considerry. susan rice for the united nations, she is still facing opposition because of statements she made about the libyan attack. >>> president obama is meeting with two different groups today. both have concerns about the fiscal cliff crisis. he will lead with the ceos of business leaders and then later, he will meet with native- american tribal leaders. the one issue where he's refusing to budge in fiscal cliff issues. >>> the voters passed prop 30, which raises taxes on people who earn more than $250,000 a year. it also increases the sales tax. well, the ucla and der son forecast says because of prop 30 -

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